This week, the cryptocurrency market has witnessed significant growth and steep declines. Avalanche has experienced a considerable price drop, and it looks like more declines are coming. Meanwhile, Cardano has reached its lowest trading volume for 2024 and could drop even further.
On the other side, BlockDAG has quickly raised $10 million in just 72 hours thanks to a lot of interest from big traders. This boost followed a 50% bonus offer that BlockDAG announced to celebrate their successful test network launch. BlockDAG is winning, and traders are eager to see what happens next with this cryptocurrency.
Avalanche Faces Major Price Concerns
Avalanche’s price has fallen by 21% from a recent high of $30, showing signs of market instability. Earlier in the year, it peaked at $65 but has since started to decline, with its price now testing support levels near $20.
There was a slight recovery, but it’s unclear if this marks the start of a new upward trend or just a brief pause before more decreases. Analysts are watching the $30 resistance level closely because it’s important for determining Avalanche’s next moves. If it can’t climb past this level, Avalanche’s price might keep falling, leading to even lower values soon.
Cardano News: ADA Could Drop 30%
Recent updates suggest that Cardano could face a 30% drop in price, as data shows increasing selling pressure. Santiment reports that Cardano’s daily active addresses dropped from 52,000 to 22,000 since early September.
Moreover, trading volume has reached its second-lowest point in 2024 at $458 million, and ADA’s price has decreased by 17% over the last month. Although there is some activity from big traders, these overall negative trends could push Cardano’s price even lower if it doesn’t overcome the $0.41 resistance level. If trends continue, ADA might fall to a yearly low of $0.27, which would be a major challenge for the cryptocurrency.
$10M in 72 Hours: BlockDAG’s Presale Soars Past $92M
BlockDAG has seen a remarkable boost in its presale, pulling in $10 million in just three days. This sharp rise in funds is fueled by increasing interest from large traders, who are jumping at the chance to maximize their returns.
BlockDAG’s advantageous position in the recent market upturn has propelled this growth, attracting significant capital into the project. With the coin price at $0.0206 in its 24th batch, and having raised over $92 million from selling 14 billion coins, BlockDAG’s presale is smashing expectations.
A tempting 50% bonus on all coin purchases, available for another seven days, has played a key role in the presale’s remarkable performance over the past three days. This incentive has motivated large holders to move quickly, keen to capitalize on the substantial return potential that BlockDAG’s presale provides. Traders interested in joining can use the code BDAG50 until October 14th.
Early supporters are particularly excited to see the presale pick up speed. With such rapid expansion and major backers on board, BlockDAG’s presale has become one of the fastest-growing cryptos in its early stages. The mix of strong market confidence and this limited-time offer has brewed the perfect storm, catching the attention of both big traders and the wider crypto community.
The Bottom Line
While Avalanche and Cardano face potential price drops that loom over their communities, only time will reveal their paths. But starkly different, BlockDAG is witnessing massive activity from big traders that has skyrocketed its presale figures. BlockDAG’s presale racked up $10 million in just 72 hours, powered by their 50% bonus offer, which enabled large traders to get more BDAG for their money. As the presale builds momentum and the bonus nears its end in seven days, traders are keeping a close eye on BlockDAG to track its progress over the coming week.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
